Trade Idea (2020-12-03) EURUSD reached 1.21

Trade Idea

Good morning.

Yesterday’s US stocks closed early with a selling advantage and late with a buyback, with the Dow Jones Industrial Average closing + 0.2%, the S&P 500 closing + 0.18% and the Nasdaq Composite closing -0.05%. It was well received that the US Democratic Party leadership was informed that it supported the bipartisan proposal regarding the ruling and opposition party talks on additional economic measures that were in trouble. Earlier, sales were ahead, the Dow Jones Industrial Average fell by more than $ 200, and the ADP employment statistics released in the morning showed weak infections that were putting pressure on the US labor market. Tomorrow we have the US employment statistics. IT and tech stocks were almost flat due to mixed developments.

The foreign exchange market continues to dominate USD selling, with EURUSD closing at 1.21 level.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday (last Friday)

DJIA: 29,883.79 (+59.87, +0.2%)
NASDAQ: 12,349.37 (-5.74, -0.05%)
S&P 500: 3,669.01 (+6.56, +0.18%)
GOLD: 1,831.6 (+1.4
OIL: 45.07 (-0.21
US 10-YR: 0.939 (-0.007)
VIX: 21.17 (+0.4)

Asian market today

Nikkei: 26,796 (-4)
CME Dow future: 29,855~(-28 Dow)

Economic indicators in this week

13: 30 (US) New Jobless Claim
15: 00 (US) ISM Non-mfg Business Climate Index